BANKING LOBBY MOUNTS SUNDAY BLITZ TO KILL CLARITY ACT STABLECOIN COMPROMISE
American Bankers Association CEO Rob Nichols (@BankersPrez) emailed every member bank CEO in the country on Mother's Day, urging "immediate engagement" against the CLARITY Act's stablecoin yield language, three days before Thursday's Senate Banking Committee markup.
Nichols said the bill would "unnecessarily incentivize the flight of bank deposits into payment stablecoins" and asked CEOs to mobilize employees to call senators.
Pushback was immediate. Senator Bernie Moreno called the ABA "the banking cartel in full panic mode." Coinbase CLO Paul Grewal told Nichols: "We've already had immediate engagement. I know because I was there, you weren't." White House digital assets official Patrick Witt (@patrickjwitt) confirmed he personally invited Nichols and other bank trade CEOs to White House yield sessions earlier this year. They declined.
The Tillis-Alsobrooks compromise bans passive stablecoin yield while permitting activity-based rewards. Polymarket shows CLARITY Act 2026 passage odds around 69%.
💥BREAKING:
🇺🇸 Banking groups are reportedly pushing last-minute changes to the stablecoin yield compromise, per Bloomberg.
THE BANKING CARTEL IS TRYING TO STOP CRYPTO!
Revolut is building Private Banking services in Switzerland.
In addition to signals that it's setting up a dedicated banking team in Switzerland and plans to apply for a local banking licence, Revolut’s job advert for Head of Legal (Swiss Private Bank) reveals that the company intends to compete with the likes of UBS and offer Swiss Private Banking and wealth management services.
Job responsibilities include preparing customer-facing documents, providing day-to-day advisory on trading and investment products, and handling the marketing and promotion of those products.
Requirements include: 10+ years of experience in wealth and trading, plus strong expertise in advising on Switzerland’s Financial Services Act (FinSA), Financial Institutions Act (FinIA), Anti-Money Laundering Act (AMLA), and Banking Act (BA).
This is the first concrete indication of Revolut’s private banking plans in #Switzerland.
The company had earlier indicated that its private banking service is planned to roll out first in the EU, then in the UK, probably in 2027.
The Swiss Franc stablecoin market has a clear leader and it is not who you would expect 🇨🇭
While giants like Circle and Tether have not entered the arena, @frankencoinzchf has quietly taken over. It accounts for 97% of the total CHF supply on Ethereum and is growing at 170% YoY
🚨 VOLKSWAGEN ACCEPTS XRP 🚨
Volkswagen Group Singapore now accepts XRP as payment, bringing crypto straight into the automotive world. This is real adoption, not hype.
You can now buy a brand new Volkswagen using your $XRP.
XRP is taking over.
🚨BREAKING:🇨🇭 $6.1T UBS, together with 5 major Switzerland banks, partner to test Swiss franc stablecoin.
UBS, PostFinance, Sygnum, Raiffeisen, Zürcher Kantonalbank, and BCV have joined forced with Swiss Stablecoin AG to launch a Swiss franc (CHF) stablecoin sandbox.
The token is designed to stay 1:1 with the Swiss franc, aiming to strengthen Switzerland’s digital finance ecosystem.
🚨BREAKING: GOOGLE WARNS 6.9M BITCOIN WILL BE VULNERABLE WHEN QUANTUM COMPUTERS BECOME POWERFUL ENOUGH
A new Google Quantum AI whitepaper has identified approximately 6.9 million Bitcoin $BTC vulnerable to future quantum at-rest attacks.
Around 1.7 million BTC sits in old Pay-to-Public-Key scripts, with public keys permanently exposed on the blockchain. This includes coins widely believed to belong to Bitcoin's pseudonymous creator Satoshi Nakamoto.
No quantum computer powerful enough to exploit this exists today. But the paper warns that when one does, these dormant assets require no transaction to be broadcast — a future attacker could simply derive the private key silently from public data.
The research team revealed that a superconducting quantum computer could derive a Bitcoin private key in approximately 9 minutes — just inside Bitcoin's average 10-minute block time.
Google warns the coins represent a "fixed, multibillion-dollar target" if protocol changes are not made in time.
The paper proposes governments consider legal frameworks for "digital salvage," treating dormant quantum-vulnerable coins similarly to unclaimed sunken treasure, to prevent them falling to rogue states or criminal actors first.
BLACKROCK'S MANAGING DIRECTOR JUST SAID AI AGENTS ARE LIKELY TO USE #BITCOIN & CRYPTO TO TRANSACT 👀
HE SAYS THEY'LL CHOOSE BTC BECAUSE IT'S "COMPUTER-NATIVE MONEY" ✊
This is MASSIVE for ETH.
$14 trillion BlackRock just launched the first Ethereum Staking ETF with ticker $ETHB.
This is bigger than most people realize.
$IBIT: Bitcoin spot ETF. Zero yield. Just price exposure.
$ETHA: Ethereum spot ETF. Zero yield. Just price exposure.
$ETHB: Ethereum staking ETF. 3% annual yield. Institutional money now earns directly from the blockchain.
This is the first time in history a $10 trillion asset manager is plugging institutional capital directly into a proof-of-stake network and earning rewards from it.
Why this is bullish for Ethereum:
Every dollar flowing into $ETHB removes ETH from circulation and locks it into staking. Less supply. Same or growing demand. Price goes up by basic math.
A 3% annual yield makes ETH compete directly with treasury bonds for institutional allocation. Pension funds and endowments that could never justify holding a zero-yield asset can now justify $ETHB.
BlackRock priced the fee at 0.12% for the first year to capture market share before anyone else launches a rival product. They are building a moat while competitors are still filing paperwork.
Fidelity and Invesco will follow. That is guaranteed. But BlackRock moved first. Again.
💥JUST IN: NASDAQ PARTNERS WITH KRAKEN TO TOKENIZE STOCKS ON ITS EXCHANGE
According to WSJ, @Nasdaq has confirmed it has partnered with @krakenfx to develop tokenized versions of its listed stocks and ETFs directly on its exchange.
The initiative will focus on corporate governance improvements, including automating proxy voting and streamlining dividend payments using blockchain technology.
The framework is expected to launch early next year, marking the most significant step toward on-chain equities by a major U.S. exchange.
NEW: 🇵🇾 Paraguay is launching a #Bitcoin mining pilot using seized ASICs.
The mined $BTC will be sold as a hedge, not held. 💸 A shift for a country that once hiked mining fees but now ranks 4th in global hashrate.
Get the details.👇
https://t.co/2Wm6baPeTu
LATEST: 🇨🇭 The Cardano blockchain has integrated with DFX.swiss, allowing ADA to be spent at 137 brick-and-mortar Spar supermarkets across Switzerland.
#BITCOIN & CRYPTO EXCHANGE KRAKEN WAS JUST GRANTED DIRECT ACCESS TO THE FED'S CORE PAYMENT SYSTEMS 👀
The first crypto bank EVER to receive a Fed master account 🚀
🚨 CRYPTO EXCHANGE ‘KRAKEN’ HAS SECURED A FEDERAL RESERVE PAYMENTS ACCOUNT
THE FIRST CRYPTO FIRM WITH DIRECT ACCESS TO FED PAYMENT INFRASTRUCTURE
THE ACCOUNT ALLOWS U.S. DOLLAR SETTLEMENT THROUGH SYSTEMS LIKE FEDWIRE
ENABLING FASTER FIAT TRANSFERS AND SETTLEMENT WITHOUT BANKS
HUGE STEP FOR THE CRYPTO INDUSTRY 🔥
If you’re wondering why asset prices are getting hit like gold down over 10% and silver down more than 30% in a day then listen to this Kevin Warsh clip.
He’s openly critical of QE and favors a tighter Fed balance sheet which means less liquidity across markets.